The global medical bed market is expected to grow with the CAGR of
approximately 5.7% during the forecast period (2016-2023). Increasing
number of hospital beds is one of the major factors witnessing the
growth of the medical bed market. According to the guardian Newspaper
(dated 25 Nov. 2016), In England, the number of hospital beds occupied
by patients treated for malnutrition has almost tripled in the last 10
years.

Official figures were revealed that malnutrition people were accounted
for approx. 184,528 hospital bed days in 2015, a significant rise
witnessed in 65,048 in 2006-07. This sharp rise is increasing the
pressure on hospitals that are struggling with high record levels of
overcrowding. Thus, increasing patient base leads to high demand for
medical beds that is witnessing potential growth in the medical bed
market.

High cost of specialty beds acts as a major restraining factor for the
market. The financial cost is huge, according to the NHS (National
Health Service), costs for each bed an average of $445.12 a day to
staff. Moreover, decreasing number of beds in public hospitals are also
creating hurdles in the market growth. Furthermore, growing demand for
beds in private hospitals, increasing medical tourism etc. are also some
crucial factors supporting to drive the medical bed market. Improving
healthcare infrastructure in developing countries and increasing number
of accidents across the globe are creating opportunity for the medical
bed market.